Saturday, December 02, 2006

Busted, real estate bubble has and we are all doing well?

The real estate bubble of the last 10 years, actually the home buyers boom, the refinance boom, the crazy inflated real estate prices haved busted. A qualifier for the Seattle residences, and other hot markets that are based on Jobs, you are fine, but go read the great business article. The long awaited real estate bubble in major cities has busted, and two major reports came out last week to show the impact. The Chicago Merchantile Exchange released a report of it's 10 cities economic outlook. And Mark Zandi, chief economist at Moody's, provided his real estate economic report. The article written by a Business week publication is on the real estate section of MSN, go to it here for the real estate market analysis made easy.

I have written and blogged for our Seattle Real Estate market place to help people make smarter choices. I still think that real estate is a great place for investments for the average person. Now, that we have created a real estate idx web solutions company, I am tasked to help the average real estate agent in Seattle and other parts of the country. So, I want to disect the real estate market news. So if you are a real estate agent, a real estate investor, or a home buyer or seller. Please do tell us what you think of this blog or write your thoughts on our comments section.


Blogger JR said...

Interesting post.

To me it seems like all the cities that had hyper-appreciation of real estate values from 2000 through 2005 are now really taking some major value declines.

Here in San Diego, I subscribe to: This San Diego real estate publishes a real tell-it-like-it-is blog. His 12-31-07 post Real Estate Market Predictions for San Diego in 2008 is a realistic idea about what this year will hold for not only San Diego, but, all the cities that had hyper-inflation.


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